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» VISIT US ONLINE @ DSNEWS.COM 87 Mississippi Ed Engelke Ann Motz Realtors 662-349-9100 phone 901-338-9814 cell 662-253-0230 fax www.msvrhomes.com Louisiana Ron NRBA Julien Donald Julien & Associares B R 1926 Wooddale Blvd Ste 101A, Baton Rouge, LA 70806 225 926 3449 Office | 225 931 2198 Cell 225 926 3475 Fax www.ronaldjulien.com Mississippi RANK: 22 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 5.63% 1.96% 7.5 YEAR AGO 5.65% 3.13% 9.1 YEAR-OVER-YEAR CHANGE -0.4% -37.2% -1.6 Top County TUNICA COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 10.67% 4.51% YEAR AGO 12.80% 2.36% YEAR-OVER-YEAR CHANGE -16.7% 91.2% Top Core-Based Statistical Area VICKSBURG, MS 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 9.98% 3.53% YEAR AGO 9.57% 4.36% YEAR-OVER-YEAR CHANGE 4.3% -19.1% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Wells Fargo Cuts 700 Mortgage Jobs According to a report from the Charlotte Observer, Wells Fargo is laying off another 700 mortgage workers across the country. e bank announced at the end of February the layoffs would affect mortgage processors and under- writers the most. IN THE NEWS HARP-Eligible Loans Decline in 2013 e data and analytics division of Black Knight Financial Services released its Mortgage Monitor Report, which looked at data as of the end of January, 2014. e report found Home Affordable Refinance Program (HARP) eligible loans shrunk throughout the year. e report noted, "a general decline in the overall 'refinancible' population of both tra- ditional and HARP-eligible borrowers with associated loan origination volumes dropping in both categories as well." Overall originations were down nearly 60 percent year-over-year, according to the report. HARP-eligible loans in January, 2013 were 2.3 million, dropping to a January, 2014 figure of 709,000. e report noted that the population of those available to refinance through HARP fell by 13 percent over the last two months. e shrinking popula- tion of HARP-eligible loans may cause problems for special servicers who recently reported significant earnings that were aided by the government program. Herb Blecher, SVP of Black Knight Financial Services' data and analytics divi- sion, said, "[A] good deal of this decline can be attributed to the fact that a majority of those who could refinance at histori- cally low rates in recent years already have, and we see a similar dynamic in terms of HARP-eligible loans." Blecher continued, "From a geographic perspective, outside of Florida and Nevada, we see the Midwestern states of Illinois, Michigan, Missouri, and Ohio have among the highest percentage of HARP eligibility." Illinois (2.5 percent), Michigan (2.3 percent), Missouri (2.5 percent), and Ohio (2.7 percent) lead the Midwestern states, compared to states with low HARP eligibil- ity such as North Dakota (0 percent), South Dakota (.1 percent), and Montana (.3 percent). Black Knight's Mortgage Monitor Report also provided data on home equity line of credit (HELOC) lending. 2013 marked the first year HELOC lending increased since 2006. e report cautiously noted that total home equity volumes were still down more than 90 percent from that time. Delinquency rates in home equity origina- tion fell to just .1 percent, aided in large part to what the report calls "super-prime" borrowers, "with average credit scores for first- and second- lien HELOCs at 786 and 779, respectively." North Carolina Jennifer Harris, Broker Re/Max One Realty 100 Lynn Road, Raleigh, NC 27609 919-931-0313 cell 919-232-9251 offi ce jennifersoldit@gmail.com www.RaleighBestHomeSearch.com North Carolina RANK: 33 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 2.70% 1.26% 6.7 YEAR AGO 2.90% 2.38% 8.8 YEAR-OVER-YEAR CHANGE -6.9% -47.0% -2.1 Top County HERTFORD COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 5.94% 3.50% YEAR AGO 5.42% 4.76% YEAR-OVER-YEAR CHANGE 9.7% -26.6% Top Core-Based Statistical Area HENDERSON, NC 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 7.39% 2.31% YEAR AGO 6.49% 3.24% YEAR-OVER-YEAR CHANGE 13.8% -28.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics.